How did Mauritania & Senegal become a world-class oil company?
In 1998, the company started to cover the upstream oil value chain and sign international agreements. This resulted in the discovery of considerable oil and gas reserves of world-class assets between 2014 and 2016 in the south of the country, and in offshore reserves in the north that are divided between Mauritania and Senegal.
Will Sénégal become a hydrocarbon giant?
The government’s ambition is, through the Société des pétroles du Sénégal (Petrosen), to turn the country into a future hydrocarbon giant, with export revenues approaching 900bn CFA francs ($1.5bn) over the period 2023-2025, according to national forecasts. A little over forty years after its creation, Petrosen is now in the big league.
What are some big-scale projects in Senegal?
Another large-scale project is the creation in February of the subsidiary Senegal Fertilizer Company (Sefco), which is responsible for building a urea fertiliser production unit with a capacity of 1.2m tonnes per year. This industrial site will be based at the port of Ndayane, south of Dakar.
Why do we need gas filling centres in Dakar?
“Today, people cannot access butane gas cylinders in remote areas; the price becomes a constraint because of the transport costs. Therefore, we will invest in gas filling centres so that the prices are the same in Dakar and other major cities,” explains Sall.